FlyerTalk Forums - View Single Post - TD set to take over Aeroplan credit cards unless CIBC matches offer
Old Dec 14, 2013 | 11:02 am
  #775  
markandrew
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Originally Posted by Ancien Maestro
CIBC sued? Do you have the link?

Quick Google, there is rumors on a board about CIBC suing, but that's from a board with little credibility.

http://www.dslreports.com/forum/r285...-CIBC-Aerogold
In August when AP first confirmed deal with TD, CIBC released a statement stating they were looking at legal recourse.

Unsurprisingly, there is no public record of a claim as the claim would have released sensitive information.

Most likely CIBC-AP K had a confidential arbitration clause in it. If not, CIBC could have waived a Statement of Claim under AP's nose and threatened to issue it.

What is clear is CIBC made reference to lawyers around August 10th, and by around August 26th, CIBC was back in the picture under the revised deal.
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